Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 5% - What's Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) fell 5% during trading on Tuesday . The company traded as low as $106.12 and last traded at $106.83. 39,512 shares changed hands during trading, a decline of 84% from the average session volume of 249,422 shares. The stock had previously closed at $112.48.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMR shares. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Finally, Jefferies Financial Group assumed coverage on shares of Alpha Metallurgical Resources in a report on Tuesday. They issued a "hold" rating and a $110.00 price objective on the stock.

Alpha Metallurgical Resources Price Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 51.96 and a beta of 0.66. The business has a 50-day moving average of $116.40 and a 200-day moving average of $145.09.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The company had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The firm's revenue for the quarter was down 38.4% compared to the same quarter last year. During the same period last year, the firm earned $9.59 EPS. As a group, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Alpha Metallurgical Resources by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock worth $16,472,000 after acquiring an additional 428 shares during the period. Proficio Capital Partners LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $3,564,000. Jones Financial Companies Lllp bought a new position in Alpha Metallurgical Resources during the fourth quarter worth $82,000. Charles Schwab Investment Management Inc. boosted its position in Alpha Metallurgical Resources by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after purchasing an additional 20,636 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Alpha Metallurgical Resources by 37.9% in the fourth quarter. Victory Capital Management Inc. now owns 21,297 shares of the energy company's stock valued at $4,262,000 after purchasing an additional 5,856 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.